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CJ - information about carrier

CJ Corporation (Korean: 씨제이) is a South Korean conglomerate holding company headquartered in Seoul. It consists of various businesses in numerous markets of food and foodservice, pharmaceutics and biotechnology, home entertainment and media, house shopping and logistics. CJ Group was initially a branch of Samsung up until it separated in the 1990s.

CJ comes from 'Cheil Jedang' (Hangul: 제일 제당), which can literally imply "very first sugar manufacture", the market where it initially started.

Noteworthy CJ subsidiaries include CJ Cheil Jedang (Food and Beverage), CJ Korea Express (Logistics), CJ Olive Networks (Health & Beauty Stores & IT), CJ ENM (Entertainment and Retail), and CJ CGV (Cinema Chain).

1953-1970

CJ was founded as 'Cheil Jedang' in August 1953 as a sugar and flour manufacturer and was initially part of Samsung Group, as its very first manufacturing organisation. In 1955, it opened the very first flour mill in South Korea and in 1962, started exporting sugar to Okinawa, Japan. In 1965, Cheil Jedang's sugar organisation was branded as 'Beksul'. The business participated in the synthetic spices market in 1963 with Mipoong, completing versus Miwon, the then-best-seller by Daesang.

1970s

In the 1970s, CJ continued its growth as a composite food company. In 1973 CJ got in into the feed service, launching 'Pungnyeon Feed'. In 1975, CJ established mass-production methods for "Dashida", a flavoring product, along with technology for the mass-production of nucleic acids for the very first time in South Korea in 1977, releasing its very first nucleic acid flavoring, "Imi". In 1979, the business was renamed 'Cheil Jedang Corp.' and started producing cooking oil under Beksul.

1980s

In the 1980s, CJ broadened to processed food products such as beverages and frozen foods and went into the pharmaceutical company based upon brand-new advanced innovations. In 1984, CJ developed ETI, a regional subsidiary, in New Jersey, U.S. as a joint endeavor task In 1986 CJ's Biotechnology & Pharmaceutics department prospered in ending up being the 3rd on the planet to establish Alpha-interferon, an anticancer medication, in addition to introducing 'Hepaccine-B', a liver disease vaccine. It established Cheil Frozen Food and released its beverage service in 1987. With the facility of Cheil Jedang Indonesia in 1988 and the construction of lysine and synthetic seasoning plant in Indonesia in 1990, CJ began reaching markets outside South Korea.

1990s

In the 1990s, CJ went through periods of conversion and development as it transitioned into the area of life and culture from focusing on the food and pharmaceutical industry. However, it continued to establish brand-new foodstuff such as 'Condition', a supplemental drink that reduces hangover symptoms, in 1992 and 'Hetbahn', an aseptically packaged rice, in 1996. In July 1993, Cheil Jedang spun off from Samsung and got independent management, becoming a life and culture group by getting in into the foodservice and entertainment industries. In 1996 it became 'Cheil Jedang Group' and completed its main separation from Samsung Group in February 1997. Considering that then, CJ has actually entered into the fields of media, home entertainment, financing and info & communication services mainly through M&A s of business such as m.net, a music cable channel, and Cheil Investment & Securities in 1997, and facilities of brand-new subsidiaries such as Cheil Golden Village (presently CGV) in 1996, Dreamline (which was sold in 2001), collectively with Korea Expressway in 1997, in 1998, CJ O Shopping, CJ Europe and CJ FD (representing food circulation) in 1999. In addition, CJ opened VIPS, a family dining establishment chain, in 1997, and launched South Korea's first multiplex theater, CGV, in 1998.

2000-present

In October 2002, CJ Group was released and the official name of the company altered to 'CJ Co., Ltd'. In September 2007, CJ Co., Ltd once again spun off as a company holding business renaming to 'CJ CheilJedang Co., Ltd' and CJ Group became a holding business for a variety of food and entertainment-related subsidiaries based in South Korea. It consists of four main core businesses: Food & Food Service, Bio-Pharmaceutics, Entertainment Media, and Home Shopping & Logistics.

Lee Jay-Hyun has actually been chairman of CJ Group considering that March 2002. His older sister Lee Mi-kyoung is the vice-chairman of the company.

Starting from May 2007, CJ Group announced that it will be employing more ladies in the company. It also announced that it will be doubling their allowance time for ladies who require to go on leave due to pregnancy. (Maternity Leave). Korean law needs women to be permitted as much as 90 days of maternity leave. CJ has actually extended this time to one year.

In 2010, CJ Media, CJ Entertainment, Mnet media, On-Media and CJ Internet combined to form O Media Holdings, which became CJ E&M in March 2011. Ever since, CJ E&M has actually been extremely prominent in its contribution to Korean pop culture and the "Korean Wave" (Korean: Hallyu), a phenomenon of the spread of Korean culture, through the development of successful TELEVISION programs such as "Superstar K,", "Respond 1997", and films such as "Masquerade". Because presenting the very first multiplex theaters, CGV, in 1998 to South Korea, the company has actually been developing what it calls "cultureplex", space, where dining establishments, performance halls, stores and multiplex theaters come together to supply a more abundant cultural experience to customers, CGV Cheongdam Cine City, which opened in 2011, is an example.

In July 2018, CJ E&M and CJ O Shopping combined into brand-new company CJ ENM (CJ Entertainment and Merchandising). In 2018, CJ CheilJedang obtained Kahiki Foods, an American food making company based in Columbus, Ohio.

Global Expansion

CEO Lee Jay-Hyun has actually announced 2013 to be the start of CJ's full-fledged global growth efforts, setting 2020 as their objective of accomplishing its vision of "Great CJ". By 2020, the conglomerate wishes to reach 100 trillion won in sales, 70 percent of which they anticipate will originate from abroad, and to turn into the world's No. 1 a minimum of 2 of its core companies. As of 2013, CJ has penetrated into the international market throughout Japan, China, Europe, the U.S. and South America (specifically Brazil).

Food & food service

Taking Korean food abroad, CJ Foodville has actually released bakeries and restaurants internationally. Starting with opening a Tous les Jours shop, a bakeshop chain, in Los Angeles in 2004, CJ has released the chain likewise in China and Vietnam, where double-digit sales growth is maintained. The very first Tous Les Jours in Hanoi, Vietnam, opened in June 2012, and in December 2012, the 20th and 21st Tous les Jours opened in New Jersey and New York. Brand names of Foodville, VIPS (steakhouse) and A Twosome Place (coffee store) have opened stores in China and Vietnam as well as other countries in Asia. Bibigo is a Bibimbap (a conventional Korean food) restaurant that CJ prepared as a global brand from the beginning, opening in Los Angeles, Beijing and Singapore because 2010. It likewise opened its very first shop in London in 2012 during the London Olympics. In 2018, CJ CheilJedang acquired Kahiki Foods, an American food manufacturing company based in Columbus, Ohio.

Biotechnology & pharmaceutics

In 2012, the building of the $400 million nucleic acid factory in Shenyang, China was completed and will start producing animal feeds such as lysine and threonine and nucleotides in 2013. CJ is likewise constructing a lysine plant in Fort Dodge, Iowa, which is scheduled to begin production within 2013 and CJ expects this will help reach 30 percent of the global market share within the year, topping GBT of China, Ajinomoto of Japan, and ADM of the U.S.

Home shopping & logistics

CJ O Shopping, CJ's cable home shopping channel, entered into China in 2004, India in 2009, Japan and Vietnam in 2011, Thailand and Turkey in 2012, the Philippines (together with ABS-CBN) in 2013 and Mexico (together with Televisa) in 2015. CJ GLS and CJ Korea Express are the logistics part of the business that handles its international affiliates. CJ has exported its logistics system to India in 2011, Vietnam in 2011, soon after the launch of CJ O Shopping, and Thailand in 2009, in which CJ GLS wishes to expand throughout the entire nation by 2016.

Home entertainment & media

CJ E&M leads the Korean Wave with its K-pop content service. "Mnet Asian Music Awards" was kept in Macau in 2010, Singapore in 2011 and in Hong Kong in 2012 and 2013, drawing in more than 1 billion viewers worldwide. CJ CGV, CJ's movie organisation, is expected to open 15 IMAX theaters in China by the end of 2015. through new joint projects across China.

Household feud

Although spun off from Samsung in 1993, CJ is still associated to Samsung through household ties. The CEO of Samsung, Lee Kun-hee, is the more youthful bro of Lee Maeng-Hee, the previous president of CJ. The family came to the center of the media spotlight when Lee Maeng-Hee and sis Lee Sook-Hee submitted civil fits against Lee Kun-Hee, declaring that Lee Kun-Hee had unlawfully obtained his inheritance by concealing parts of their dad's, Lee Byeong-Chul, possessions. As a treatment, they requested for shares of Samsung Life Insurance, which manages Samsung Electronics. Ever since, the fight was extremely advertised as the bros were priced estimate in attacking each other through the media, and magnified after it was discovered that a Samsung staff member had trailed Lee Jay-Hyun, the chairman of the CJ group. In January 2013, the court ruled against Lee Maeng-Hee on the basis that there was inadequate proof to prove that the dividends and proceeds of Samsung were part of the inheritance.

Conviction of chairman

Business chairman Lee Jay-Hyun was jailed in 2013 and convicted in 2014 of tax evasion and embezzlement. He was released from prison in August 2016 in an annual presidential pardon.